Boston imports gas from UK site

According to the latest Bloomberg report, not many people had expected the US to turn to Europe for natural gas this winter.

Yet the polar chill that gripped the US East Coast this month, and sent spot prices to records, has led to a tanker loading a cargo of LNG in the UK for Boston, some of which was likely produced by a US-sanctioned project in Siberia.

The Gaselys tanker is due to arrive in Boston on 22 January after loading fuel from storage tanks at the UK’s Isle of Grain. The vessel docked at Grain shortly after the terminal near London received the first cargo from Russia’s US$27-billion Yamal LNG plant.

US domestic demand climbed to a record last week as snow and winds bombarded Americans on the East Coast. Yamal LNG, co-owned by Russia’s Novatek PJSC, France’s Total SA and China National Petroleum Corp., has faced financial sanctions from the U.S. since 2014 because of Russia’s involvement in the Ukrainian crisis.